Lathdale Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03599680 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2021

for

Lathdale Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N W Harcus

SECRETARY:

Mrs S T Harcus

REGISTERED OFFICE:

Foxhall Lodge

Foxhall Road

Nottingham

Nottinghamshire

NG7 6LH

REGISTERED NUMBER:

03599680 (England and Wales)

ACCOUNTANTS:

Beaumont Chapman Limited

Foxhall Lodge

Foxhall Road

Nottingham

Nottinghamshire

NG7 6LH

FIXED ASSETS

Tangible assets

4

323

645

CURRENT ASSETS

Debtors

5

94,756

83,051

Cash at bank

32,495

70,902

127,251

153,953

CREDITORS

Amounts falling due within one year

6

127,531

89,642

NET CURRENT (LIABILITIES)/ASSETS

(280

)

64,311

TOTAL ASSETS LESS CURRENT LIABILITIES

43

64,956

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

42

64,955

43

64,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2022 and were signed by:

N W Harcus - Director

1.	STATUTORY INFORMATION

Lathdale Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2020

and 31 July 2021

4,540

DEPRECIATION

At 1 August 2020

3,895

Charge for year

322

At 31 July 2021

4,217

NET BOOK VALUE

At 31 July 2021

323

At 31 July 2020

645

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Amounts owed by group undertakings

75,884

75,884

Other debtors

18,872

7,167

94,756

83,051

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade creditors

4,251

3,540

Taxation and social security

109,795

72,381

Other creditors

13,485

13,721

127,531

89,642

7.	RELATED PARTY DISCLOSURES

As at 31 July 2021, the director owed the company £11,574.00. This balance was repaid within 9 months of the year end.

8.	ULTIMATE CONTROLLING PARTY

The director considers the ultimate controlling party to be Mr N W Harcus by virtue of his shareholding in the parent company.